1. Significant climate action is needed and ongoing
What is the response?
Gemma O’Reilly
Consultant 8th April 2014

2. Africa is vulnerable & already experiencing impacts of climate change

3. Asia and Australia are already experiencing climate change

4. Changes to water stress by 2025 and changes in agricultural production by 2080
WRI (2013) source:

5. Even Ireland is already seeing the future impacts

6. A Quick Tour of Climate Finance & the UNFCCC
Finance Commitments under the UNFCCC
Finance Institutions under the UNFCCC
Monitoring Reporting and Verification of Climate Finance
The future of climate finance;
Post 2020
Post 2015

7. The pace of progress...

8. Climate change is an extra cost for DCs so developed countries have commitments for support
Convention
Copenhagen Accord
Cancun Agreements
And... Durban, Doha, Warsaw...
Developed countries commit to “...provide such financial resources”
“agreed full incremental costs”
Faststart finance of $30bn during the period
Reporting and predictability commitments;
Strategies and Approaches; submissions and ministerials
Commit to...mobilising jointly $100bn per year by 2020
from a wide variety of sources, public and private, bilateral and multilateral including alternative sources”

9. Relevant financial initiatives and the UNFCCC funds
Least Developed Countries’ Fund
Green Climate Fund
Climate Technology Centre and Network (UNEP)
Other Bilateral & Multilateral

10. Developed countries also committed to MRV of financial support
MRV = Monitoring, Reporting & Verification
National Communications
Biennial Reports (developed countries)
Every two years, reporting in tabular format
Biennial Update Reports (developing countries)
Standing Committee on Finance
Review definitions, MRV
Biennial overview of financial flows

11. Sustainable Development Goals
A 2015 agreement and new SDGs will impact on future climate finance
Finance in the ADP
Sustainable Development Goals
2015 Agreement for post 2020 world;
achieving transformation,
2C degrees &
climate resilience
Pre 2020 Enhancing Ambition e.g. ;
Purchase & Cancellation of CDM units (CERs),
Sustainable Energy for all,
Renewable energy
Focus Area 15; Climate
Means of Implementation
Links to other focal areas;
Sustainable agriculture
Water & Sanitation
Energy
Infrastructure
Sustainable Consumption & Production
Sustainable Cities